The total reported payments for the month of 2023-12 for your asset portfolio was 22134.28 USD. You have received 40 payments in the month of 2023-12 .
Percentages in the pie chart legends below are rounded to three significant digits. Rounded percentages may not always perfectly add to 100%.
Each slice represents a state in the U.S. in which you've had well interests.
Each slice represents a county in the U.S. in which you've had well interests.
Each slice represents the percentage of states in the U.S. in which you have well interests in 2023-12.
|
Indiana |
0.482% |
|
|
New Mexico |
2.2% |
|
|
Texas |
97.3% |
Each slice represents the percentage of counties in the U.S. in which you have well interests in 2023-12.
|
Andrews |
7.66% |
|
|
Ector |
4.21% |
|
|
Gaines |
20.1% |
|
|
Hale |
0.737% |
|
|
Howard |
10.7% |
|
|
Martin |
9.66% |
|
|
Midland |
31.7% |
|
|
Reagan |
0.679% |
|
|
San Juan |
2.2% |
|
|
Terry |
0.883% |
|
|
Upton |
2.31% |
|
|
Ward |
3.96% |
|
|
Yoakum |
2.78% |
|
|
other |
2.39% |
Each slice represents a well status for the wells in which you have interest.
Each slice represents a lease status for the wells in which you have interest.
Each slice represents the revenue generated by each of your operators in the month of 2023-12.
|
Callon Petroleum |
6.56% |
|
|
Chevron |
3.52% |
|
|
Citation Oil and Gas |
3% |
|
|
Earthstone Operating |
9.37% |
|
|
Highpeak Energy |
5.17% |
|
|
Hilcorp San Juan |
3.65% |
|
|
Murchison Oil and Gas |
6.64% |
|
|
Occidental Permian |
11.8% |
|
|
OXY |
9.6% |
|
|
Pioneer Natural Resources |
7.77% |
|
|
Steward Energy |
2.39% |
|
|
Texland Petroleum |
3.84% |
|
|
XTO |
4.62% |
|
|
other |
22.1% |
Each slice represents a product type for the month of 2023-12.
|
condensate |
0.25% |
|
|
downstream fuel |
0.00938% |
|
|
drip condensate |
1.15% |
|
|
liquids |
0.291% |
|
|
LNG |
0.677% |
|
|
loss |
0.00158% |
|
|
natural gas |
2.85% |
|
|
NGL |
4.47% |
|
|
oil |
84.9% |
|
|
plant products |
3.3% |
|
|
residue gas |
1.62% |
|
|
unreported |
0.505% |
These are your top operators for the month of 2023-12.
The Exponential Mean is the average revenue on a log scale and scatter is how dispersed the revenue payment amounts are for each operator.
| Operator | Owner Net Revenue | Exponential Mean | Scatter |
|---|
| Number of States | |
| Number of Counties | |
| Number of Assets | |
| Number of Leases | |
| Number of Wells |
This table presents production statistics on the period from November 1st, 2019 through the end of the current reporting month.
| Product | Ave Price Min Price Max Price Volatility |
Ave Prod Rate * Min Prod Rate * Max Prod Rate * Volatility |
Gross Ave Rate * |
|---|
* The bottom two statistics are presented as average daily production mil rates rather than the more common month's production value. The units are thousandths of units of production per day and thousandths of U.S. dollars per day respectively. As months' lengths may vary, changes over time may more accurately be compared using the daily production rate as the production metric. The gross average rate in the fourth column is an indicator of the rate at which you acquire gross revenue. It is your share of the income per day, calculated by multiplying price, volume per day times, and the mil factor of 1,000.
The abbreviations "ave", "min", and "max" are average (mean), minimum, and maximum over the course of the reporting period.
Volatility, the bottom most statistic in each row, has been evaluated relative to price. This practice is called normalization, allowing volatility to be rationally compared between energy products. Volatility is shown as the quotient of the standard deviation over the mean. Although some reporting products do not divide by the mean, such would be a conceptual error for a table like this one. The units of a standard deviation are the same as that of the mean, so the quotient is unitless. Comparison of volatility requires the value to be unitless so that it is free from physical unit designations, which vary in economic meaning from product to product.
Dear Kelly and Scott Baber ,
We are thankful you have chosen Guardian Mineral Management & Consulting as your mineral management firm.
We are here to serve you and support your assets. We hope you will find this new html visualization easier to review and use. Your visualization will now be delivered in this way. There have been many improvements that are now visible to you, and we will always continue to improve our delivery. You have entrusted us to become part of your team, and we are committed to creating value for you.
We are most pleased to be delivering our first integrated html visualization with both your land and revenue information. There is a summary page with new views of your assets. Please note that your Profit & Loss statement will be present monthly, and populated as the data becomes available. Feel free to use the P&L quarterly, bi-annually or annually for your tax preparation convenience. When it is fully populated with a full years data, we would like to have an annual review meeting to go over this new visualization at your convenience.
One of the largest changes made is that any new information will be available much sooner, and you won't have to wait until the 15th of the month. I would recommend making a calendar reminder to go view and save your visualization on a given day each month, but you can also log in anytime and see what information is available, as we receive it.
Very best,
Diana S. Frazier, CPL
President
This table contains revenue by operator
| Operator | Gross Revenue | Taxes | Deductions | Net Revenue | Payment Amount | Payment Date | Depletion 15% | Net Post-Depletion 15% | Depletion 27.5% | Net Post-Depletion 27.5% |
|---|
This table contains revenue from lease bonuses, settlements and shut-ins
| Operator | Description | Gross Revenue | Taxes | Deductions | Net Revenue | Payment Amount | Payment Date |
|---|
Wells by State & County
| State | County | Gross Revenue | Taxes | Deductions | Net Revenue | Payment Date |
|---|
| Product | Gross Revenue | Taxes | Deductions | Net Revenue | Payment Date |
|---|
Table not shown because no information is available at this time.
A current listing of your owned assets.
| State | Location Details | Interest Type | Area Share (NMA) | Conveyance Type |
|---|
Table not shown because no information is available at this time.
A current listing of your leases.
| Lessee | Effective | Expiration | Term | Royalty | Lease Type | Status |
|---|
Table not shown because no information is available at this time.
A current listing of your wells.
| API | Operator | Status | Well Name | State | Location Details |
|---|
A current listing of your wells for the month of 2023-12.
| Operator | Well/Property Name | Well Number | Production Date | Product | Unit Price | Pie Gross Volume | Owner Proportion | Share Revenue | Share Taxes | Share Deductions | Net Revenue |
|---|
Table not shown because no information is available at this time.
The amount owed on your joint interest billing invoice and deducted from your revenue.
| Operator | Payment Date | Netted Revenue |
|---|
Table not shown because no information is available at this time.
Please see all your JIBs listed here.
| Operator | Payment Date | Reference Number | Amount |
|---|
Table not shown because no information is available at this time.
| Operator | Payment Date | Reference Number | Cost Center | Venture Number | Description | Amount |
|---|
Table not shown because no information is available at this time.
Please see all your Revenue and JIBs listed here.
| Operator | Net Revenue | JIB Amount |
|---|
Table not shown because no information is available at this time.
Please see all your Revenue and JIB details by well listed here.
| Well | Share Revenue | Share Taxes | Share Deductions | Net Revenue | JIB Amount |
|---|
Summary
| Operator | Payment |
|---|
No anomalies detected at this time.
A list of issues that we are working to resolve.
| Information Source | Discrepancy | Status of Investigation |
|---|
| Gross Share | 92,789.41 |
| Share Taxes | -4,313.94 |
| Share Deductions | -1,820.93 |
| Net Revenue | 86,604.58 |
| JIBs | 2,429.07 |
Table not shown because no information is available at this time.
| State | Gross Revenue | Taxes | Deductions | Net Revenue | Percentage of Portfolio |
|---|
Table not shown because no information is available at this time.
| State | Interest Type | Gross Revenue | Share Taxes | Share Deductions | Net Revenue |
|---|
Table not shown because no information is available at this time.
These amounts are based on operator (payor) reporting through 2023-03-01.
| Payer | TIN | Box # | Box Name | Reported |
|---|
Table not shown because no information is available at this time.
Operators with revenue under $600 have been marked with an asterisk. IRS Form 1099-MISC does not require reporting of income under $600.
| Operator | Gross Revenue | Taxes | Deducts | Net Revenue | 1099 Amount | Difference ($) | Difference (%) | Material Difference (over 25%) |
|---|
The above values are as reported prior to the generation of this view. Discrepancies found after all visualizations through December 2022 are accounted for (with respect to all wells for which your interest is known) will be investigated. Guardian recommends you use the 1099 information as is for your tax filings unless your CPA, licensed accounting firm, or IRS savvy legal professional recommends otherwise. Issues in the 1099 amounts can be resolved when full documentation indicating any inaccuracies becomes available to assemble as a complete set of evidence.
The current year for which Guardian has been provided with reasonably complete information by you, operators, purchasers, government offices, and data aggregators.
| Month | Gross Revenue |
Taxes | Deductions | Payment Amount |
Depletion 15% | Net Post- Depletion 15% |
Depletion 27.5% | Net Post- Depletion 27.5% |
|---|
These amounts are based on operator reporting for each month of the past year.
| Month | Gross Revenue |
Taxes | Deductions | Payment Amount |
Depletion 15% | Net Post- Depletion 15% |
Depletion 27.5% | Net Post- Depletion 27.5% |
|---|
Oil — mixture of liquid hydrocarbons in natural underground reservoirs
Gas — mixture of gaseous hydrocarbons used as a combustible source of energy
Plant Products — natural gas liquids recovered from processing plants
Condensate — the "wet" component of natural gas that can be separated as a liquid
Skim Oil — floating oil that has been separated from water, typically found in tanks or separators
Ethane — a colorless, gaseous, straight–chain hydrocarbon extracted from natural gas and refinery gas streams, that boils at a temperature of –127 degrees Fahrenheit
Propane — a colorless, gaseous, straight–chain hydrocarbon that boils at a temperature of –44 degrees Fahrenheit
Butane — a gaseous, straight–chain or branch–chain hydrocarbon extracted from natural gas or refinery gas streams
Residue Gas — natural gas that is left after thorough and complete processing, and is finally ready to be transported to the end user through pipelines
Loss — difference between gas injected into a distribution system and gas measured at customers' meters, caused by measurement and accounting errors, stolen gas, and pipe leaks
Drip — water and heavy hydrocarbons that condense from the gas stream and accumulate in the lower points of the flowlines
NGL (Natural Gas Liquids) — gas that is processed through a plant to separate the components, removing the liquids from the gaseous material
LNG (Liquefied Natural Gas) — naturally occurring gas, mainly methane and ethane, liquefied at low temperatures for transportation
Casinghead Gas — associated and dissolved gas produced along with crude oil from the casinghead or top of the pipe of an oil well
WTI (West Texas Intermediate) — light, sweet crude stream produced in Texas and southern Oklahoma, and used as a global oil price benchmark
Henry Hub Natural Gas — a spot market for natural gas and central distribution pipeline hub located on the Louisiana Gulf Coast, connecting several intrastate and interstate pipelines
Brent Crude Oil — light, low–sulfur oil extracted from 15 different oil fields in the North Sea and used as an oil benchmark for two–thirds of the world's oil contracts
Marketing — the expense associated with getting the oil, gas and other products to a more favorable selling point
Transportation — the charge to transport products from the wellhead to the point of sale
Compression — the charge to compress gas to a sufficient pressure to enter into a gathering or transportation pipeline
Severance Tax — state tax levied against both royalty and working interest owners upon their pro rata portion of oil and gas production. Each state sets its own severance tax rates, and often have special provisions for low rate wells and secondary recovery wells
Oklahoma Withholding Tax — per Section 710:50–3–53 of the Okla. Admin. Code, for royalty payments made on or after October 1, 2000 and before July 1, 2006, any remitter who distributes revenue to a non–resident royalty interest owner is required to deduct and withhold Oklahoma income tax from each payment being made with respect to production of oil and gas in Oklahoma.
Ad Valorem Tax — a tax levied proportional with an assessed value of property in which the taxed individual or business has an ownership interest
FD — federal tax levied against both royalty and working interest owners upon their pro rata portion of oil and gas production.
RI (Royalty Interest) — an interest that pays a portion of the resource produced and is not burdened by any operations or production costs; expense free
WI (Working Interest) — an interest that pays a portion of the resource produced after production and operations costs are paid; has dry hole risk
ORRI (Overriding Royalty Interest) — an interest derived from the working interest portion but not burdened by operations or production costs
NPRI (Non-Participating Royalty Interest) — an interest that is taken from the royalty interest; a small portion carved out due to an inheritance
NRI (Net Revenue Interest) — an owner's interest in the revenues of a well
Mineral Classified — based on the Texas Relinquishment Acts of 1895, the State sold lands but retained the minerals. Based on subsequent legislation, now surface owners share in bonuses, royalties and any other consideration while the State still maintains some minerals
JOA (Joint Operating Agreement) — a contract between two or more mineral interests that collaborate on an oil or gas lease to share resources and expertise. One entity is classified as the operator and responsible for exploration and production activities. All other entities are non–operators, including investors and financial institutions
JIB (Joint Interest Billing) — a statement that divides expenses and revenue from a drilling project among the partners, based on the joint agreement in place. Operators provide JIB statements to non–operators as part of their monthly accounting process
AFE (Authorization for Expenditure) — A document used for the approval of large capital expenses related to exploration, development and production
BBL (Barrel) — a physical barrel or the referenced amount, 42 gallons
MCF (one thousand Cubic Feet) — a measurement of natural gas
MMCF — Millions of Cubic Feet of gas
BCF — Billion Cubic Feet of gas
BTU (British Thermal Unit) — the amount of heat required to raise the temperature of one pound of water one degree Fahrenheit under standard conditions of pressure and temperature
MMBTU (one Million British Thermal Units) — a measurement of heating value
Adjustment — a financial amount in a report that reflects the change of a new value from previously indicated value, reflecting a difference created by information acquired since the previous indication
AAPL — American Association of Professional Landmen
Artificial Intelligence — refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions
Associated Gas — natural gas found in connection with oil, either dissolved in the oil or found as a cap of free gas above oil in the reservoir
Automation — the computerized control of different systems without human input
Big Data — a collection of information and approaches for efficiently storing and retrieving information in extremely large tables of data or other structures without consuming a prohibitive amount of time and money
BOPD — Barrels of Oil Per Day
BTU Factor — a number which is multiplied by the volume of gas measured in MCF in order to arrive at the heating value of gas which is measured in millions of British Thermal Units (MMBTU)
Coalbed Methane (CBM) — natural gas generated and trapped in coal seams
Cyber Security — refers to computer network defense in response to actions against critical infrastructure and military systems; this involves acting in anticipation of threats and mitigating the damage of threats after they occur
Division Order — a schedule of owners and their decimal ownership share in revenues of a well's production derived from the sale of oil or gas
Downstream — the activities involved in converting oil and gas into the finished product; this includes refining crude oil into gasoline, natural gas liquids, diesel, and many other energy sources
Draw Works — the mechanical and control systems for transporting equipment and materials up and down a well's bore hole
GOR (Gas Oil Ratio) — cubic feet of gas produced per barrel of oil
ML (Machine Learning) — broadly meaning the action that takes place when machines learn, but in current trends refers more specifically to the training of artificial networks
OGML (Oil, Gas, and Mineral Lease) — the agreement between two parties, typically between the oil and gas operator and the mineral rights owners including the legal description, terms and conditions
Ontology — the results of a study of existence, such as the existence of entities in a science, engineering, or business domain under study, the types of those entities, the types of relationships between them, and the names of those types accepted or to be accepted as a standard
Play — a set of oil or gas accumulations sharing similar geologic, geographic properties, such as source rock, hydrocarbon type, and migration pathways
P&A (Plugging and Abandoning) — plugging back a well and abandoning it for a few months to years, or permanently
Production Rate — volume of produced fluid per unit of time
Production Sharing Agreement — when there are two units held by vertical wells and a horizontal well is drilled to connect them, the revenue can be shared by agreement
Royalty Interest — an interest in an oil and natural gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage
Spud Date — the date when the main drill bit begins spudding in
Spudding in — the initial drilling into the ground to form a well
SWD (Saltwater Disposal Well) — a well that is used for the disposal of saltwater back into a geological formation
TQM (Total Quality Management) — a comprehensive, organization-wide management commitment to ensuring quality at multiple points aimed at long term customer satisfaction
Unitization Agreement (a.k.a. Unit Agreement) — joint operations to maximize recovery among separate operators within a common reservoir
Upstream — refers to the exploration and initial production stages of oil and gas production
UWI (Unique Well Identifier or U.S. well identifier in more provincial circles) — proposed replacement for the API# originated by the American Petroleum Institute
Volume — the amount of product produced, measured per barrel (BBL) for oil, and per thousand cubic feet (MCF) for gas
WGS (World Geodetic System) — the current standard for accurate geo-coordinates, ratified in 1984, is wgs 84
Workover — operations on a producing well to repair or improve production
Should you have any questions or need anything further, please feel free to contact us. Thank you for the opportunity to provide our services. To save your visualization, please click download and save the file as you wish. You can also view this visualization from your computer, ipad or tablet or smart tv.
(888) 348-7318
Guardian Mineral Management & Consulting
6115 Camp Bowie Blvd, Suite 245
Fort Worth, Texas 76116
Guardian Mineral Management & Consulting
PO Box 471489
Fort Worth, Texas 76147
|
Diana Frazier, CPL |
June D'Silva |
|
Marcia Newton |
Grant Carlisle, CPL |
As you are aware, a significant amount of volatility always occurs in the oil and gas commodity market. Commodity prices can change significantly in a matter of days due to a multitude of factors, including but not limited to, market uncertainty, supply and demand, supply disruptions, U.S. politics, geopolitics, worldwide affairs, speculation, and weather. We continue to monitor your account and provide you the services set forth in our Oil and Gas Asset Management Agreement and will provide you updated visualizations in accordance with the terms of such agreement.
Be advised that this Mineral Management visualization is based upon examination of documentation provided and available to Guardian Mineral Management and Consulting, and data obtained from public and private third-party databases. It cannot be certified that the information obtained and provided herein is in fact a true and complete composition of all available data. While the information set forth in this visualization is believed to be a reliable interpretation based on the data available to Guardian Mineral Management and Consulting, it should be noted that the preparer of this visualization does not warrant, certify or represent as to the accuracy or correctness of any of the data provided to Guardian Mineral Management and Consulting. Guardian Mineral Management and Consulting may, from time to time, supplement data received from you, operators, purchasers of production, or other third parties to better identity the assets. Such supplemental information will generally be obtained from public or private third-party databases and may include such information as, the American Petroleum Institute numbers assigned to wells and the counties and states in which wells are located.
Notes: There may be taxes associated with your oil and gas assets that qualify as tax deductible, which are not paid by operators, such as severance tax and ad valorem tax. Consult with your tax professional for more information. Please discuss depletion with your tax professional, as to whether the percentage depletion allowance should be applied against your oil and gas assets. Internet Explorer and other outdated browsers are no longer supported.